The above is an example of property rights facilitating exchange.
<h3>What is property right?</h3>
This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
- A person has the authority to own a property.
- The property can be used within the law as he deemed fit.
- Receive any income that the property generates.
Hence, the above is an example of property rights facilitating exchange.
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Answer: She is not.
Explanation:
It would seem as though that Mary got into a type of contract known as an Option Contract or more precisely, a Call Option Contract simply called a Call.
In this type on contract, a seller gives a buyer the right to buy a good or service at a certain price within a set period.
Mary agreed to sell the rare Chinese Art for a certain amount which Mike could not pay but she promised to give him 3 weeks to take it within which he can pay and collect the item.
Mike returned in 2 weeks which was within the range of time allowed and so she should have kept the offer open for the time she said she would.
She is wrong to believe that all she owes him is his down payment. She broke a contract.
The stakeholder theory supplies opportunities to align business practices with societal anticipations and sustainable environmental conditions.
<h3>Who are the stakeholders and what are their roles and responsibilities?</h3>
Stakeholders are people or companies with a vested interest in the outcome of their typical projects. Stakeholders have legal decision-making privileges and may control project scheduling and budgetary matters. To make sustainability a true organization-wide problem and a pillar of company procedure, CEOs and senior executives must be leading from the facade.
<h3>Who are the stakeholders for sustainability?</h3>
These contain shareholders, managers, employees, customers, and suppliers. Secondary stakeholders, on the other hand, include those who are indirectly influenced by an association or who indirectly impact an institution.
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Answer:
Operational level defines those strategies that help in implementing efficient systems, whereas structured decisions help to deal with recurring problems.
Explanation:
The basic business system that is successful towards serving operational level and assisting in making structured decisions aims to maximize the effectiveness of production and evaluate those concepts that may be helpful for making procedures in making decisions for the benefit of business. it determines and explains how the resources should be allocated for business.
